Bangladesh Startup Ecosystem Update Q3 2022 [Full Report]

Post-pandemic recovery, the Russia-Ukraine war, harvesting and production challenges, and supply-chain disruptions are leading to economic downturns worldwide. This has brought slowdowns in startup investments worldwide. Startup funding declined by 34% in quarter 3 of 2022 compared to the previous quarter.

In Quarter 3 of 2022, Bangladeshi startups raised nearly USD 5 Mn over 16 deals. In a world where global economic events influence startup funding worldwide, what trends are emerging in the Bangladeshi startup ecosystem? What can founders do to navigate these changes? What insights do ecosystem experts and seasoned investors have to share?

Learn more about the quarterly startup investment trends in Bangladesh in this latest report. The ‘Bangladesh Startup Ecosystem Quarterly Update Q’3 2022: Navigating Global Funding Undercurrents’ is presented by LightCastle Partners in collaboration with Startup Bangladesh Limited, Anchorless Bangladesh, Bangladesh Angels Network, and BD Startup Founders.

This report is a follow-up to the annual Startup Ecosystem Report 2021-2022. LightCastle Partners published the report in July this year in collaboration with the same partners.

About Our Partners:

Startup Bangladesh Limited is the flagship venture capital fund of the ICT Division. The first and only venture capital fund sponsored by the government of the People’s Republic of Bangladesh.

The Anchorless Bangladesh Venture Fund is an early-stage venture capital fund based in New York. A key objective of the firm is to invest in businesses that contribute to the economic growth of Bangladesh.

Bangladesh Angels Network is the country’s first angel investing platform. It aims to elevate the country’s startup entrepreneurs to the highest level.

BD Startup Founders Group is the leading startup community in Bangladesh. It connects the prominent active startup founders and ecosystem builders in the country.

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

For further clarifications, contact here: [email protected]

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